Stocks marked time in a thinly traded session until the S&P 500 fell through its 200-day moving average, which had been a basis of support in the last few days.
The Dow Jones industrial average <.DJI> dropped 148.96 points, or 1.43 percent, to 10,293.45. The Standard & Poor's 500 Index <.SPX> fell 17.86 points, or 1.60 percent, to 1,095.34. The Nasdaq Composite Index <.IXIC> lost 27.29 points, or 1.19 percent, to 2,261.80. The S&P 500 ended below 1111.33, the 200-day moving average.
NYMEX-NEW YORK, June 22 (Reuters) - U.S. crude oil futures ended lower on Tuesday as traders sold off the July contract before it expired at the close and amid caution ahead of weekly petroleum inventory reports.
The day's losses developed as both the dollar and the euro fell against yen as risk appetite soured on doubts about how much China will allow the yuan to appreciate.
On the New York Mercantile Exchange, July crude
CBOT-CHICAGO, June 22 (Reuters) - Chicago Board of Trade grains and soy complex close on Tuesday.
CBOT-SOYBEANS - July
CBOT-SOYOIL - July
FCPO-KUALA LUMPUR, June 22 (Reuters) - Malaysian crude palm oil futures ended 1.2 percent lower on Tuesday, in line with other vegetable oil markets, on expectations the Chinese yuan's appreciation may not translate into higher commodity demand.
China's spot yuan
Crude oil and soyoil, which palm oil tracks, fell and some traders said commodity markets may have overreacted on China's yuan moves.
A yuan appreciation should make commodity imports cheaper and boost volumes, but it also strengthens the Malaysian ringgit
The benchmark September crude palm oil contract
REGIONAL EQUITIES-BANGKOK, June 22 (Reuters) - Southeast Asian stock markets
fell back on Tuesday as investors had second thoughts about the immediate benefits to trade-dependent economies in the region of China's move to let the yuan be more flexible.
Singapore <.FTSTI>, Southeast Asia's biggest bourse by market value, ended down 0.5 percent -- turning round from a 1.8 percent rise the day before that took it to its highest in almost six weeks -- as the euphoria over China's currency policy faded.
Malaysia <.KLSE> lost 0.9 percent, Indonesia <.JKSE> 0.3 percent, Thailand <.SETI> 0.24 percent, the Philippines <.PSI> 0.2 percent and Vietnam <.VNI> 0.4 percent.
Singaporean palm plantation firm Wilmar International